Tianfeng Securities issued a research report stating that it maintains a 'buy' rating on Tencent Holdings (00700), and raises its forecast Non-IFRS net income attributable to equity holders of the Company for years 2024-2026 to CNY 204.7 billion, CNY 235.6 billion, and CNY 264.8 billion, respectively, with a target price of HKD 476. The company's gaming business has shown a clear upward momentum in growth, with gross margin improvement continuing to exceed market expectations, and market profit expectations entering an upward trend. The bank expects further potential for improvement in the future. In the long run, active deployment of AI technology development and a diversified product matrix correspond to a wide range of potential application combinations, and technological progress may become an important growth multiplier in the medium to long term.
天风证券：维持腾讯控股“买入”评级 目标价476港元
Tianfeng Securities: Maintains "buy" rating on Tencent Holdings, with a target price of HK$476.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.